SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-QSB
(Mark One)
[ X ] QUARTERLY REPORT UNDER SECTIONS 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY
PERIOD ENDED MARCH 31, 1998
[ ] TRANSITION REPORT PURSUANT TO SECTIONS 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION
PERIOD FROM JANUARY 1, 1998 TO MARCH 31, 1998
Commission File Number: 0-13910
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THE FURIA ORGANIZATION, INC.
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(Exact name of registrant as specified in its charter)
Delaware 95-3931129
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(State or other jurisdiction (IRS Employer
of incorporation or organization) Identification No.)
P.O. Box 795517, Dallas, Texas 75379-5517
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(Address of principal executive offices) (Zip Code)
(972) 239-2290
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(Registrant's telephone number, including area code)
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(Former name, former address and
former fiscal year, if changed since last report)
Check whether the issuer (1) filed all reports required to
be filed by Sections 13 or 15(d) of the Securities Exchange Act
during the preceding 12 months (or for such shorter period that
the registrant was required to file such reports) and (2) has
been subject to such filing requirements for the past 90 days.
Yes [ ] No [ X ]
APPLICABLE ONLY TO CORPORATE ISSUERS:
100,214,209 shares of Common Stock, .0001 par value
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(The number of shares outstanding of each
of the issuer's classes of common stock, as of
the last practicable date)
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PART I - FINANCIAL INFORMATION
Item 1. Financial Statements:
Balance Sheets
Three Months Ended
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March 31, March 31,
1998 1997
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Total Assets $ 0 $ 0
Liabilities and Stockholders' $ 10,735 $ 5,735
(Deficiency)
Stockholders' equity
Convertible Preferred stock,
(50,000,000 authorized; $.0001
par, -0- shares outstanding) 300 300
Common stock (200,000,000
shares authorized, $.0001 par,
100,214,209 shares issued and
outstanding) 1,186 1,186
Paid in capital 6,385,971 6,385,971
Deficit (6,413,164) (6,413,164)
Total Stockholders (Deficiency) 10,735 10,735
TOTAL LIABILITIES AND
SHAREHOLDERS' (DEFICIENCY) $ 0 $ 0
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATIONS:
General
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The Company had no operations for the quarter ended March
31, 1998. The Company had no operations for the quarter ended
March 31, 1997.
Liquidity and Capital Resources
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Working capital at March 31, 1998 was $0 compared to $0 at
March 31, 1997. Cash and cash equivalent did not change from
March 31, 1997 to March 31, 1998. The Company had $0 trade
accounts or accounts receivable for the period ended March 31,
1998 compared to $0 for the quarter ended March 31, 1997. The
Company had $0 in inventory during the quarter ended March 31,
1998 compared to $0 for the quarter ended March 31, 1997. Trade
accounts payable for the quarter ended March 31, 1998 were $0
compared to $0 for the quarter ended March 31, 1997.
The Company acquired 100% of the outstanding stock of
Americom Telecommunications Corporation in exchange for
75,000,000 shares of the Company's Common Stock.. As a result
Americom Telecommunications Corporation has become a wholly-owned
subsidiary of the Company.
The Company made no other capital acquisitions or
improvements during the three month period ended March 31, 1998.
<PAGE>
Results of Operations
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The Company had no operations for the quarter ended March
31, 1998. The Company had no operations for the quarter ended
March 31, 1997.
PART II
No "other" information required.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned thereunto duly authorized.
THE FURIA ORGANIZATION, INC.
By: /s/ WAYLON E. MCMULLEN
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Waylon E. McMullen, President
